Pacer Advisors Inc. Has $14.31 Million Stake in Frontdoor Inc. $FTDR

Pacer Advisors Inc. raised its holdings in Frontdoor Inc. (NASDAQ:FTDR – Free Report) by 4,941.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 248,056 shares of the company’s stock after purchasing an additional 243,136 shares during the period. Pacer Advisors Inc.’s holdings in Frontdoor were worth $14,310,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA raised its position in shares of Frontdoor by 256.3% in the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after buying an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after buying an additional 497 shares during the period. Quarry LP grew its position in Frontdoor by 429.5% during the third quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after buying an additional 713 shares in the last quarter. Global Retirement Partners LLC grew its position in Frontdoor by 8,376.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after buying an additional 1,089 shares in the last quarter. Finally, Huntington National Bank increased its stake in Frontdoor by 18.8% during the 4th quarter. Huntington National Bank now owns 1,723 shares of the company’s stock worth $99,000 after acquiring an additional 273 shares during the period.

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Frontdoor Stock Performance

Shares of Frontdoor stock opened at $71.53 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. The company has a market cap of $5.02 billion, a PE ratio of 20.50 and a beta of 1.50. The company has a 50 day moving average of $63.39 and a 200-day moving average of $60.10. Frontdoor Inc. has a 1-year low of $48.47 and a 1-year high of $71.76.

Frontdoor (NASDAQ:FTDR – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The business had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $442.28 million. During the same period last year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts forecast that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on FTDR shares. Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. The Goldman Sachs Group raised Frontdoor from a “sell” rating to a “neutral” rating and increased their target price for the stock from $50.00 to $67.00 in a report on Monday, March 2nd. Oppenheimer reissued an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a report on Thursday, February 26th. Benchmark initiated coverage on Frontdoor in a research report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price target on the stock. Finally, Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.00.

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Frontdoor Profile

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Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.

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